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Why the luxury market needs to protect itself from China

The slowdown in the Chinese economy and the lockdowns pose a threat to the luxury industry, used to making big profits in the Asian market.

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Why the luxury market needs to protect itself from China

The slowdown in the Chinese economy and the lockdowns pose a threat to the luxury industry, used to making big profits in the Asian market.

Customers at the exclusive Shinsegae department store in Seoul's Gangnam district prefer not to brag too much about their wealth. But his high spending was revealed to the world when it was revealed that annual sales in 2021 were 2,000 thousand.


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